Profile: Nike, formerly known as Blue Ribbon Sports (BRS), is an American sportswear company headquartered in Beaverton, Oregon.
Blue Ribbon Sports was founded in 1964 by track-and-field coach Bill Bowerman and his former student Phil Knight. They opened their first retail outlet in 1966.
The company rebranded as NIKE in 1972, named for the Greek goddess of victory and the company went public in 1980.
By the early 21st century, Nike had retail outlets and distributors in more than 170 countries.
Nike, Inc. generates approximately 40% of sales in North America with another quarter in Europe, the Middle East, and Africa. Greater China accounts for about 20% of revenue and about 15% for the rest of the Asia-Pacific region and Latin America.
Today NIKE is the world’s leading designer, marketer, and distributor of authentic athletic footwear, apparel, equipment, and accessories for a wide variety of sports and fitness activities.
Top Executives: Co-founder of the company, Phil Knight is Chairman Emeritus of NIKE, Inc and MrMark Parker is the Executive Chairman. John Donahoe is President & CEO.
Top Shareholders: Nike has two classes of stock:
• Class A – which are not available on the open market and are convertible into class B shares on a 1-for-1 basis.
• Class B – the normal Nike shares available to all investors.
The main difference is that holder of Class A shares elect 9 of the 12 members of Nike’s board, while holders of Class B shares elect the other 3.
Philip Knight directly owns 29,154,487 shares of Class A and 11,385,687 shares of Class B Nike stock, representing 9.3% of outstanding Class A shares and 0.9% of outstanding Class B shares.
Phil Knight and his son Travis Knight, along with the holding companies and trusts they control, own more than 97% of outstanding Class A shares. This allows the Knight family to exercise effective control of Nike even though it is a publicly-traded business. The stock does not trade in the Indian stocks markets.
Sales: On the report posted by Nike for the second quarter ended November 30, 2020, the revenues were $11.2 billion, up 9% compared to the prior year and up 7% on a currency-neutral basis driven by growth across all geographies.
If you find any mistake please contact the email@example.com. This article is general in nature. It does not constitute a recommendations to buy and sell any stock, and does not take account of your objectives, or your financial situation & don’t confirm the correctness or verify of any published contents on site. Largecapindia has no position in the stocks mentioned. Largecapindia aim to bring you long term focused research analysis driven by fundamentals.